US Market today: Why did Twitter share price jump? Check top gainers and losers in US stock market today
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What happened in the US stock market today?
- US markets ended higher, shaking off a 3-week losing streak. Nasdaq gained 2.14%, Dow jumped 1.4% and S&P 500 closed 1.83% higher.
- Cooling interest rates and oil prices eased investor concerns about high inflation.
- Airline stocks jumped after United Airlines raised its next quarter sales forecast and reported strong demand. United Airlines stock rose 5.52%, American Airlines stock jumped 5.07%, Delta Airlines stock up 3.32%.
- Defensive health technology shares continued to outperform. Dexcom share price jumped 7.73%, Regeneron Pharmaceuticals stock gained 3.9%, IDEXX Laboratories shares rallied 3.79%.
- Apple share price ended 0.9% higher after it announced the launch of the new iPhone 14.
US stock market today: Top gainers and losers
| Stock price action | Reason behind the move |
|---|---|
| ARK Genomic Revolution ETF jumped 5% | ARK Genomic Revolution ETF price jumped driven by sharp gains in the underlying stocks of Fate Therapeutics, Pacific Biosciences and CareDx. |
| ARK Innovation ETF jumped 3% | ARK Innovation ETF price jumped driven by gains in growth stocks such as Coinbase, Teladoc Health and Block. |
| Atlassian rose 3% | Atlassian share price witnessed short covering driven rally after falling 9% in last 1-week. |
| Cloudflare jumped 4% | Cloudflare share price witnessed short covering driven rally after falling 10% in last 1-week amid negative investor sentiments over linkage with online harassment sites. |
| Coinbase jumped 9% | Coinbase share price jumped over reports of adding new tokens, plans of $1.6B acquisition of MakerDAO's USDC. |
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF lost 3% | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price fell tracking the losses in the energy stocks of ConocoPhillips and Devon Energy. |
| Direxion Daily Semiconductor Bull 3X ETF rallied 5% | Direxion Daily Semiconductor Bull 3X ETF price jumped tracking the gains in chip stocks of Marvell Technology, NVIDIA and Texas Instruments. |
| Direxion Daily Technology Bull 3X ETF jumped 5% | Direxion Daily Technology Bull 3X ETF price jumped on the back of sharp gains in the shares of PayPal, Microsoft and NVIDIA. |
| DocuSign rose 2% | DocuSign share price rose ahead of earnings announcement, strong growth anticipation. |
| Molecular Data rose 3% | Molecular Data share price witnessed jump from lower levels, stock price still down 94% in last 1-year. |
| Netflix jumped 5% | Netflix share price jumped sharply over reports of massive cost cut plans, Macquarie's upgrade on the stock. |
| NIO rose 2% | NIO share price rose after reporting revenue that topped expectations and solid growth outlook. |
| Nu jumped 6% | Nu share price witnessed short covering driven rally, positive sentiment in growth stocks ahead of upcoming policy meeting of US central bank. |
| NVIDIA rose 2% | NVIDIA share price rallied driven by short covering after falling 12% in last week over reports of estimated hit of USD 400 million revenue from US government's latest chip restrictions. |
| ProShares Bitcoin Strategy ETF jumped 2% | ProShares Bitcoin Strategy ETF price rose sharply tracking the gains in Bitcoin prices and trading volumes. |
| ProShares Ultra Semiconductors jumped 3% | ProShares Ultra Semiconductors ETF price rose sharply tracking the positive trend in chip stocks of NVIDIA, Texas Instruments and QUALCOMM. |
| Shopify gained 4% | Shopify share price jumped on the back of short covering after falling 7% in last week, investment by top hedge funds. |
| Snap rose 6% | Snap share price jumped amid revelation of CEO Spiegel's promising plan to reach $6 billion in revenue and 450 million users quickly. |
| Starbucks jumped 4% | Starbucks share price extended gains over reports of expansion plan in Mexico, change in CEO. |
| Tesla rose 3% | Tesla share price extended gains over report of 'buy' rating by large research houses, brokerages, US government's push for electric vehicle adoption. |
| Twitter jumped 7% | Twitter share price rallied amid reports of Delaware court rejecting Musk's request to delay the Twitter trial. |
| UiPath crashed 11% | UiPath share price fell sharply over weak revenue growth guidance for next quarter and full year 2022. |
| Upstart skyrocketed 9% | Upstart share price rallied driven by short covering, positive momentum among growth stocks ahead of US central bank's policy meeting. |
US ETFs - Learn about the ETFs?
- Which Indian stock has the highest allocation in one of the most popular emerging market ETFs - MSCI Emerging Markets iShares ETF (EEM)?
Reliance Industries (1.1%) has the highest allocation in MSCI Emerging Markets iShares ETF followed by Infosys.
- Which stock has the highest allocation in one of the most popular Tech ETFs - Vanguard Information Technology ETF (VGT)?
Apple has the highest allocation of (19.3%) in the Vanguard Information Technology ETF.
- Which sector has the highest allocation in one of the popular balanced ETF - iShares Core Aggressive Allocation ETF (AOA)?
The Technology sector has the highest allocation of (20.47%) in iShares Core Aggressive Allocation ETF.
- Which stock has the highest allocation in one of the most popular emerging market ETFs - SPDR Portfolio Emerging Markets ETF (SPEM)?
Taiwan Semiconductor has the highest allocation of (4.58%) in SPDR Portfolio Emerging Markets ETF.
- Which stock has the highest allocation in Cathie Wood’s famous ARK Innovation ETF (ARKK)?
Tesla has the highest allocation of (more than 7%) in Cathie Wood’s famous ARK Innovation ETF.
Why did Twitter share price jump?
Twitter share price rallied amid reports of Delaware court rejecting Musk's request to delay the Twitter trial.
Why did Coinbase stock gain?
Coinbase share price jumped over reports of adding new tokens, plans of $1.6B acquisition of MakerDAO's USDC.
Why did US markets rise?
US markets ended higher, shaking off a 3-week losing streak. Nasdaq gained 2.14%, Dow jumped 1.4% and S&P 500 closed 1.83% higher. Cooling interest rates and oil prices eased investor concerns about high inflation.
Why are US Airline stocks rising?
Airline stocks jumped after United Airlines raised its next quarter sales forecast and reported strong demand. United Airlines rose 5.52%, American Airlines 5.07%, Delta Airlines 3.32%.
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